Axalta Coating Systems (NYSE:AXTA) Releases FY25 Earnings Guidance

Axalta Coating Systems (NYSE:AXTA) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.50-2.60 for the period, compared to the consensus earnings per share estimate of $2.35. The company issued revenue guidance of $5.35-5.4 billion, compared to the consensus revenue estimate of $5.36 billion. Axalta Coating Systems also updated its FY 2025 guidance to 2.500-2.600 EPS.

Axalta Coating Systems Stock Performance

Shares of NYSE AXTA traded up $2.90 during mid-day trading on Tuesday, hitting $38.01. The company had a trading volume of 3,349,546 shares, compared to its average volume of 1,726,356. The stock’s 50-day moving average price is $36.57 and its 200-day moving average price is $36.37. The company has a market capitalization of $8.29 billion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 0.74 and a beta of 1.46. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. Axalta Coating Systems has a 1 year low of $30.40 and a 1 year high of $41.65.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 earnings per share. On average, sell-side analysts forecast that Axalta Coating Systems will post 2.15 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AXTA shares. Wolfe Research raised shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a report on Friday, January 17th. Barclays boosted their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Evercore ISI began coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 target price for the company. Royal Bank of Canada boosted their price target on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets raised their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.